‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInJordan Thomas’s Army of Whistle-Blowers | The New Yorker
Thomas thinks he can help upend the notion that, whenever a whistle-blower acts, “the company crushes them and now they live in a motel eating cat food.” He concedes that sometimes “there are bad outcomes,” but says that his work “is about levelling the playing field.” By any measure, his practice has been a success. […]
Elon Musk’s Tesla Asked Law Firm to Fire Associate Hired From SEC – WSJ
A partner at law firm Cooley LLP got an unexpected call late last year from a lawyer for one of the firm’s most famous clients, Elon Musk’s Tesla Inc. with an ultimatum. The world’s richest man wanted Cooley, which was representing Tesla in numerous lawsuits, to fire one of its attorneys or it would lose […]
Feb. 1 Webcast — SEC Enforcement: A Look Back at 2021, and What to Expect in 2022
Please join Bill McLucas, Doug Davison, Marty Wilczynski and Steve Richards for this free webcast.
Regulating via Social Media: Deterrence Effects of the SEC’s Use of Twitter by Jinjie Lin — SSRN
This paper presents the ?rst evidence of the e?ect of ?nancial regulators’ social media use on corporate and individual behavior. Using the staggered launch of U.S. Securities and Exchange Commission (SEC) regional o?ces’ Twitter accounts, I ?nd that ?nancial regulators’ presence on social media reduces opportunistic insider trading, customer complaints against investment advisers, and ?nancial […]
SEC Should Follow Congress’ Pragmatic Approach On Crypto
The best way to understand the current state of cryptocurrency regulation is to consider a hypothetical conversation from 100 years ago between Ford Motor Co. and the Horse-and-Buggy Commission. “Sir, may I see your horse-and-buggy license before we let you on the road?” “Um, this is a motor car fueled by a combustion engine, I […]
SEC Official Scott Mascianica Joins Holland & Knight in Dallas
Scott Mascianica, a former Assistant Regional Director for Enforcement in the U.S. Securities and Exchange Commission’s (SEC) Fort Worth Regional Office, has joined Holland & Knight as a partner in its Dallas office. Mr. Mascianica, who will practice in the firm’s Litigation Section, has extensive experience supervising, investigating and litigating some of the highest profile […]
Five Senior SEC Alumni Launch the Nation’s First Law Firm Exclusively Dedicated to Representing SEC Whistleblowers
Established by five former senior SEC attorneys, SEC Whistleblower Advocates PLLC is the nation’s first law firm exclusively dedicated to representing SEC whistleblowers. The founders are Jordan Thomas, Chair, (former SEC Assistant Director), Richard Levine (former SEC Associate General Counsel), Michael Stevenson (former PCAOB Deputy General Counsel and SEC Senior Special Counsel), Timothy Warren (former […]
Jan. 18 Webcast: Navigating the Minefield of Dodd-Frank’s Whistleblower Provisions (2021 Update)
Please join F. Joseph Warin, John W.F. Chesley, Greta Williams, Nicole Lee, Sean X. McKessy, and Jim Barratt for this webcast.
SEC Considers Approval of Carbon-Neutral Bitcoin ETF | Cadwalader Cabinet
The stated investment objective of the exchange-traded fund (“ETF”) is to track the performance of Bitcoin as measured by an index designed to reflect the performance of Bitcoin in U.S. dollars on a carbon-neutral basis. The ETF intends to offset the carbon footprint associated with Bitcoin once a quarter by paying for the instantaneous retirement […]
SEC Charges Financial Company and Its President with Engaging in Fraudulent Schemes to Boost Stock Price
According to the SEC’s complaint, Medallion’s core business was making loans backed by taxicab medallions to taxicab owners and operators. However, the popularity of ride-sharing companies like Uber and Lyft led to a decline in the value of taxicab medallions and of Medallion’s stock price. Murstein and Medallion allegedly directed two separate schemes to inflate […]